GREAT BOULDER RESOURCES LIMITED — Share Issue/Capital Change 2022

Mar 31, 2022

Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Announcement Summary

Entity name

GREAT BOULDER RESOURCES LIMITED

Date of this announcement

Friday April 01, 2022

The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

Total number of +securities to be issued/transferred

		Total number of
ASX +security		+securities to be
code	Security description	issued/transferred	Issue date
New class - code	Unlisted options expiring 1 February 2025 with	1,250,000	01/02/2022
to be confirmed	exercise price of $0.2033.

Refer to next page for full details of the announcement

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

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Part 1 - Entity and announcement details

1.1 Name of entity

GREAT BOULDER RESOURCES LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2 Registered number type

ABN

Registration number

70611695955

1.3 ASX issuer code

GBR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

1/4/2022

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Part 2 - Issue details

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2.1 The +securities the subject of this notification are:

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+Other securities issued under an +employee incentive scheme that are not intended to be quoted on ASX

2.2a This notification is given in relation to an issue of +securities in a class which is not quoted on ASX and which:

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does not have an existing ASX security code ("new class")

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Part 3C - number and type of +securities the subject of this notification (new class) where issue has not previously been notified to ASX in an Appendix 3B

ASX +security code +Security description New class - code to be confirmed Unlisted options expiring 1 February 2025 with exercise price of $0.2033. +Security type ISIN code Options Date the +securities the subject of this notification were issued 1/2/2022 Will all the +securities issued in this class rank equally in all respects from their issue date? Yes Were any of the +securities issued to +key management personnel (KMP) or an +associate? No Have you received confirmation from ASX that the terms of the +securities are appropriate and equitable under listing rule 6.1? No Please provide a URL link for a document lodged with ASX setting out the material terms of the +securities being issued. Options Details +Security currency Exercise price Expiry date AUD - Australian Dollar AUD 0.20330000 1/2/2025 Details of the existing class of +security that will be issued upon exercise or conversion of this new class of company option Other Description GBR Ordinary Fully Paid Shares Please provide a URL link for a document lodged with ASX detailing the terms of the +employee incentive scheme or a summary of the terms https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02433513-6A1055052?access_token=8 3ff96335c2d45a094df02a206a39ff4

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Any other information the entity wishes to provide about the +securities the subject of this notification Options are restricted to 4 January 2023

Issue details

Number of +securities

1,250,000

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Part 4 - +Securities on issue

Following the issue, conversion or payment up of the +securities the subject of this application, the +securities of the entity will comprise:

(A discrepancy in these figures compared to your own may be due to a matter of timing if there is more than one application for quotation/issuance currently with ASX for processing.)

4.1 Quoted +Securities (Total number of each +class of +securities quoted)

	Total number of
ASX +security code and description	+securities on issue
GBR : ORDINARY FULLY PAID	358,235,809
4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted	on ASX)
	Total number of
ASX +security code and description	+securities on issue
GBRAH : OPTION EXPIRING 28-AUG-2023 EX 7.5C	799,000
GBRAK : OPTION EXPIRING 30-JUN-2023 EX $0.074	4,000,000
GBRAF : OPTION EXPIRING VARIOUS DATES EX VARIOUS PRICES	10,204,403
GBRAI : OPTION EXPIRING 30-SEP-2023 EX 10C	600,000
GBRAP : PERFORMANCE RIGHTS	19,500,000
GBRAN : OPTION EXPIRING 19-MAY-2024 EX $0.0542	5,714,286
GBRAO : OPTION EXPIRING 31-MAR-2024 EX $0.0525	4,565,515
New class - code to be confirmed : Unlisted options expiring 1 February 2025 with exercise	1,250,000
price of $0.2033.

4.2 Unquoted +Securities (Total number of each +class of +securities issued but not quoted on ASX)

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Part 5 - Other Listing Rule requirements

5.1 Were the +securities issued under an exception in Listing Rule 7.2 and therefore the issue did not need any security holder approval under Listing Rule 7.1? Yes

5.1a Select the number of the applicable exception in Listing Rule 7.2

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